Chinese growth recession

Premier-in-waiting Li Keqiang is reported to have said that he looks at bank loans, electricity consumption and rail freight as a reliable guide to the growth of the economy. With growth in electricity consumption and rail freight both decidedly lackluster, a simple average of those three measures points to an economy growing at about 4% year-over-year in August, down from 6% at the end of the second quarter and 10% at the end of 2011. China real time report

Growth plunge to 5%, sue, but much below that leaves out the ninland portions of China, where plenty of growth potential remains.